1 min read

High-Performance Cultures are a Great Place to Work

By Jeff Schiefelbein on July 30, 2021

Too often I hear business leaders try to separate great work culture from peak performance. Since many people have never worked for an award-winning, certified Great Place to Work, lack the firsthand experience to understand the key elements and drivers of great company culture. Instead of recognizing the core tenets of intentional culture building, including clearly articulated values, common vision, individual autonomy, integrity, appropriate risk-taking, accountability, excellence, dignified communication, shared experience, and the power of teamwork, people believe that gimmicky office accessories, like ping pong tables and beer taps, are the signs of good culture. That is simply not true.

Likewise, the term High-Performance Culture is surrounded by similar falsehoods including the notion that performance is primarily achieved through extremely long workdays, countless nights and weekends in the office, high-pressure work environments with an eat-or-be-eaten mindset, and a “whatever it takes” justification along the way. Organizations that adopt these principles for performance are wrought with burn-out, apathy, fraud, countercultures, and safety concerns. High-performance cultures are not built by exhausting every bit of utility from the workforce.

To us, a Great Place to Work is synonymous with a High-Performance Culture, they are one in the same. A truly great place to work creates the expectation and responsibility to perform at your best in all aspects of your life. To achieve peak performance, team members should be healthy (mind, body, soul), challenged, trusted, accountable, engaged, celebrated, coached, and given the freedom to reach new heights. As it turns out, these same principles come together in great organizations to create a thriving team-based approach to solutions and service. A Great Place to Work should be demanding enough to satisfy our craving for challenge and mastery while being grounded enough to recognize and celebrate our individual uniqueness and human dignity.

If you are ready to rise to the occasion and test your limits, a certified Great Place to Work will push you to become the best version of yourself and to reach peak levels of performance you may not have imagined.

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Topics: Culture Education
4 min read

Culture is Key in Mergers and Acquisitions

By Jeff Schiefelbein on June 29, 2021

How did Luthin Associates successfully assimilate into 5?

We found ourselves reflecting on the successful integration of 5 and Luthin Associates from a cultural standpoint with this week’s announcement of 5’s enhanced website experience that now combines the knowledge, tools, and passion from each of our brands. In just over two years, we have been able to take two very strong, client-centric organizations and leverage the best aspects of each to deliver best-in-class solutions to all stakeholders. After seeing so many mergers and acquisitions either fall apart or fail to produce meaningful value for clients and employees alike, we are compelled to share a few of the key actions we took to ensure a smooth transition that resulted in a win-win for all parties. While this list is certainly not exhaustive, here are five highlights of the process:

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Topics: Culture
1 min read

A Website Worth Experiencing

By 5 on June 29, 2021

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Topics: Natural Gas People Culture Videos Procurement Demand Response Sustainability Education Renewables Resiliency
3 min read

Read with 5

By Jeff Schiefelbein on May 25, 2021

Shared experiences drive deep human connection in the workplace. 5’s book club is one of the most impactful ways that we orchestrate these meaningful moments for our team. When we gather to review, discuss, and debate each new book, we begin to form a unique vernacular and a deeper understanding of each other’s perspectives. Our conversations, about the book and subsequently about our business, create new avenues for organizational development and personal fulfillment.

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Topics: Culture
3 min read

The 5 Values

By Jeff Schiefelbein on April 29, 2021

Changing the way businesses approach their overall energy strategy, while simultaneously raising the bar for the entire deregulated power industry, is an audacious goal. When we started 5, we knew that we would need to be intentional about every aspect of our culture to make an impact of this magnitude, starting with The 5 Values.

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Topics: Culture
2 min read

Batman Believes Anything is Possible At 5

By Jeff Schiefelbein on March 30, 2021

We knew from the start that our unique approach to culture building and client value creation warranted an equally special focus on employee titles and team names within the company. When it came time to determine the best name for 5’s leadership team, we selected the name Batman, but not because of the Gotham City superhero. Instead, the name Batman comes from the inspiring personal story of Daniel Kish.

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Topics: Culture
2 min read

We All Need Somebody to Lean On

By Jeff Schiefelbein on February 26, 2021

The recent winter storm in Texas reminds us that living our mission of helping others starts by caring for our families, neighbors, and co-workers. Our team, like yours, has experienced firsthand the emotional and physical stress caused by natural disasters, family emergencies, terrorist attacks, and more. When the power went out for millions of Texans, many of whom also lost running water as well, those of us who were not in the dark joined together to continue advising our clients while also rendering aid to one another. Below is a brief look into two of our team’s stories:

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Topics: Culture
1 min read

Just Say No to Quid Pro Quo

By Jeff Schiefelbein on January 27, 2021

Since the onset of deregulation, energy brokers have been accustomed to receiving gifts, expensive meals, and lavish trips from suppliers in the name of relationship building. This quid pro quo approach can drive energy brokers to favor one supplier when selecting a winner at the end of a supposedly competitive bid process. Not only does this barrier to objectivity diminish the focus on the needs of the client, but it also produces subpar results that erode the entire value proposition of energy deregulation.

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Topics: Culture
1 min read

“You’re Gonna Regret That”

By Jeff Schiefelbein on December 22, 2020

I can still hear the echoes of the worst recruiting advice I ever received as we were launching our business 9 years ago. When I told seasoned leaders in our industry that we were not planning to ask our sales team to sign non-competes and non-solicits, they consistently said, “you’re gonna regret that.”

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Topics: Culture
2 min read

Your Employees are Not Being Honest… and It’s Your Fault

By Jeff Schiefelbein on November 24, 2020

I bet many of your teammates are spreading falsehoods about your company, leading to distrust, half-hearted effort, and apathy. Sounds crazy, right? The craziest part is that you are a contributor to the distortion, but thankfully, you also hold the keys to unlocking the solution.

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Topics: Culture